Tom Lee: Bitcoin will reach 1 million dollars, ETH target price 60,000 dollars

ChainCatcher news, Fundstrat founder Tom Lee stated that cryptocurrencies will become the core of the new financial system and predicted that the price of Bitcoin will reach $1 million, with a target price of $60,000 for ETH. He believes that the influx of institutional and sovereign funds will provide support for the market and suggested that stablecoins could provide long-term support for fiscal stability by purchasing U.S. Treasury bonds.

In addition, Tom Lee pointed out that Bitcoin and Ethereum have become cases similar to "Universal Basic Income" (UBI), where early investors can gain economic benefits without additional work. He also mentioned that the combination of AI and financial innovation will drive cryptocurrencies into a broader range of practical applications, changing traditional market cycles.